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Shandong local gov’t plans to take loans from civil servants; China’s SOE debt financing ‘Ponzi scheme’

SinoInsight 1 On Aug. 12, the ship Peak Pegasus finally docked into the port of Dalian to offload the 70,000 tons ($20 million worth) of U.S. soybeans it had on board. China’s Sinograin Oils Corporation bought the soybeans. The cargo ship had been circulating the waters for over a month. Peak Pegasus had arrived in …

Read moreShandong local gov’t plans to take loans from civil servants; China’s SOE debt financing ‘Ponzi scheme’

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